Daily Current Affairs on Govt announces rates for RoDTEP scheme for exporters; to cover 8,555 items for General Knowledge ( All Exams) Preparation

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Govt announces rates for RoDTEP scheme for exporters; to cover 8,555 items

Current GK ( Master) Giovernment Schemes
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Govt announces rates for RoDTEP scheme for exporters; to cover 8,555 items
  • Under the RoDTEP, various Central and State duties, taxes, and levies imposed on input products, among others, would be refunded to exporters
  • To boost exports, the government on Tuesday announced rates of tax refunds under the export promotion scheme RoDTEP for 8,555 products, such as marine goods, yarn, dairy items.
  • The government has set aside ?12,454 crore for refunds under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for the current fiscal, a top official said.
  • Under the RoDTEP, various Central and State duties, taxes, and levies imposed on input products, among others, would be refunded to exporters.
  • Commerce Secretary B.V.R. Subrahmanyam said that ?19,400 crore would be available for 2021-22 for both the RoDTEP and the Rebate of State and Central Taxes and Levies (RoSCTL). The RoSCTL scheme was announced for the export of garments and apparels.
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